From Alphastreet - Earnings Decoded. Market Intelligence Delivered · AlphaStreet Newsdesk · · 40s
Tesla Shares Jump After Barclays Upgrade
Barclays upgrades Tesla to Overweight, sparking 6.1% share surge.
In brief
Barclays upgrades Tesla to Overweight, sparking 6.1% share surge. Tesla shares rose 6.1% to $394.78 after Barclays raised its target from $370 to $450. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Tesla Shares Surge
Tesla shares jumped 6.1% Monday to close at $394.78.
Barclays Upgrade
Barclays upgraded Tesla to Overweight and raised its target from $370 to $450.
Analyst Targets
Nine Wall Street firms boosted Tesla targets with an average increase of $435.
Market Reaction
Tesla’s market capitalization reached $1.6 trillion with 20.3M shares traded.
The short version
Tesla shares rose 6.1% to $394.78 after Barclays raised its target from $370 to $450.
